Shares of Spire Inc. (NYSE: SR) plunged 5.13% in Wednesday's trading session following the release of the company's fiscal 2025 second quarter results, which fell short of analyst expectations.
The natural gas distributor reported adjusted earnings of $3.60 per share for the quarter ended March 31, missing the average analyst estimate of $3.67 per share. While this represented an increase from $3.45 per share in the same quarter last year, the earnings miss likely contributed to the stock's decline. Operating revenue for the quarter came in at $1.05 billion, significantly below the $1.24 billion expected by analysts and down from $1.13 billion in the prior-year period.
Despite the earnings miss, Spire reaffirmed its fiscal 2025 adjusted earnings guidance range of $4.40 to $4.60 per share. The company's management highlighted solid performance across all utilities and emphasized their commitment to operational excellence and disciplined strategy execution. However, investors appeared to focus on the near-term results, driving the stock lower during the trading session.
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